STRATUS PROPERTIES INC

# Stratus Properties Inc.

Based in Austin, Texas, Stratus Properties is a real estate developer engaged in the entitlement, development, management, leasing, and sale of residential and commercial properties. The company focuses primarily on the Austin market and select other Texas locations, operating across both multi-family and single-family residential segments alongside commercial real estate activities.

The company operates through two main segments: Real Estate Operations and Leasing Operations. The Real Estate Operations segment handles entitlement, development, and property sales activities, while the Leasing Operations segment manages retail, mixed-use, and multi-family properties for rental income. This dual structure allows the company to generate revenue both from property dispositions and recurring lease income.

Stratus Properties operates with a staff of 34 full-time employees and maintains a market capitalization of approximately $0.2 billion. The company was incorporated in Delaware in 1992 and originally operated under the name FM Properties Inc. before adopting its current name in May 1998.